The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-02
VILE PRICES ADVANCE
~ THE ABsORBING GU EsTI0N IN
INDUSTRIAL OIGULEs,
Legitimate business 10 the Front
ANA Speculation 10 the Rear
A Careful Review.
lsruos A. CORRESPONDENCE or rus APPEAL. I

lsrn0s A. CORRESPONDENCE or SHs APrEAJ.l
PHILADELPHIA, Pa, January L.
The absorbing question in indus rial
and commercial questions rs, Will
prices advance beJ oud safe limits In
1877 Adsicee Just to hand frem high
manufacturing AMI commercial au.
thority, East and West, justifies the
conc uslon that, except in certain d.
Teotiops aud in certain few Gas es of
products. there will be- no eeriouB ad.
vance. Productive sgencies all over
the Couutry have taken alarm at the
rapidly increasing demand aud have
begun TO expand facilities to meet 1t.
Every Industry is enlaTPing. Railroad
building f1ots ~ over 1000 miles OF
main track, or nearly two and a hall
timeg that Of 1885 Already 1900
miles OF track have been sold for 1887.
Lon and steel have resched a dang I.
ous'y high point. 10 view OF the En-
ropean and British importations OF
steel and old material. Forty new
bla furnaces will be completed dur-
ing 1887, iuorS asing the productive ca
paclty more than IL was ever increased
10 one year.
There is q general revival In British
ipdustries. but German competition is
sill crowding closely.
Commercial failures to date foot up
10550. There is q probability of q
great increase becau Q on the severer
rules merchants and bankers propose
to inaugurate January Isl.
Specu alton in railroad stocks has
fall on off until annual statements are
in. Considerable gold is arriving from
Europe. There Ia q heavy demand
for money throughout the West.
Railroad building will be vigorously
prosecuted. The Gould and Hunting
ton eystemS will lead all others. The
Atlantic trunk lines are in the market
for large quantities Of material.
Stocks OF wheat at Minneapolis, ST.
Paul and Duluth are 1854 $50 bush
els. The wheat movement Is decreas-
ing. Wheat will advance as soop as
money IN ,sier, The dry goods mar
ksts are ell rather dull. Ft,y thou.
sand travelling agents will be on the
ROAD in ten dayt. Factories and mills
are running to full o1patity to fl the
tkFtCb"u oIdOIb lOI bpFlDH Olbttlnu-
ton. Woo L. quiet and little weaker.
Cot on Is improving, because Of recent
estimates Of light crops. Tho eBti-
mated falling OF, 100000 bales.
The tobacco market is firm all round
and leaf is advancing Farmers have
not realized fail prices and have lately
planted less. Boots and thoes are
quiet, sud manufacturers will 90 slow
ly ualil they see how their travellers
aUCceed.
The lumber market "a quiet at Chi.
Cago, Philsdtlphia and Savannah, but
booming demand is expected in
few weeks. Prices are firm. The
coat trade ia very strong, and prices
will remain firm. Urge bjtuminous
oon'Tact' will be placed during the
next four weeks No serious labor
agitations are expected. The railroad
managers predict general improve
ment in traffic and sieadiness OF rates.
The builders aud srchitects and ma
teIial men all look flr q year OF ill
greater activity in 1882 than we have
had 10 1886. Speculation will have
very little oppor unity duiog 1887, as
production will everywhere be 30
nearly equal to demand.